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2. If the value of an investment is $1500 in 12 years and the interest rate is 6%, how much is the investment worth now?

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2. If the value of an investment is $1500 in 12 years and the interest rate is 6%, how much is the investment worth now? a. What type of problem is this: lump sum or annuity? h. Fill in each of the following (Note: one of the answers is unknown write ?): PV = FV = CF = t = I' = c. Draw a time line (1. Write the appropriate formula. e. Solve the

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